THE STATE-ASSOCIATED BANKS (MISCELLANEOUS PROVISIONS) ACT, 1962 
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ARRANGEMENT OF SECTIONS 
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SECTIONS 

1.  Short title and commencement. 
2.  [Repealed.]. 
3.  [Repealed.]. 
4.  [Repealed.]. 
5.  Provisions in respect of the State Bank Dholpur. 
6.  [Repealed.]. 

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THE STATE-ASSOCIATED BANKS (MISCELLANEOUS PROVISIONS) ACT, 1962 

ACT NO. 56 OF 1962 

[14th December, 1962.] 

An  Act  further  to  amend  the  State  Bank  of  India  Act,  1955,  the  State  Bank  of  India       
(Subsidiary Banks) Act, 1959, and the Bankers’ Books Evidence Act, 1891, and to provide 
for 
connected therewith. 

the  winding  up  of  certain  minor  State-associated  banks  and 

for  matters                        

BE it enacted by Parliament in the Thirteenth Year of the Republic of India as follows:— 

1.  Short  title  and  commencement.—(1)  This  Act  may  be  called  the  State-Associated  Banks 

(Miscellaneous Provisions) Act, 1962. 

 (2)  Section  3,  except  clauses  (ii),  (iv), and  (vii)  thereof,  shall  come  into  force  on  such  date1 as  the 
Central Government may,  by notification in the Official Gazette, appoint; and the rest of this Act shall 
come into force at once.  

2. [Amendment of Act 23 of 1955.] Rep. by the Repealing and Amending Act, 1974 (56 of 1974), s. 2 

and First Schedule (w.e.f. 20-12-1974). 

3. [Amendment of Act 38 of 1959.] Rep. by s. 2 and First Schedule, ibid. (w.e.f. 20-12-1974). 

4. [Amendment of Act 18 of 1891.] Rep. by s. 2 and the First Schedule, ibid. (w.e.f. 20-12-1974). 

5. Provisions in respect of the State Bank Dholpur.—(1) Notwithstanding anything to the contrary 

contained in any other law or in any order or other instrument— 

(a)  the  Central  Government  may  by  order  appoint  one  or  more  officers  to  take  over  the 
management of the Dholpur bank or to wind up its affairs and distribute its assets and any expenditure 
incurred  in  connection  with  such  appointment,  management,  winding  up  or  distribution  shall  be 
payable by that bank;  

(b)  the  principal  civil  court  of  original  jurisdiction  in  the  district  in  which  the  Dholpur  bank’s 
head office is situated shall have exclusive jurisdiction to entertain and decide any claim made by or 
against the Dholpur bank or any question whatever, whether of law or of fact, which may relate to or 
arise  in  the  course  of  the  winding  up  of  that  bank,  whether  such  claim  or  question  has  accrued  or 
arisen before or accrues or arises after the date of the winding up order, and any suit or other legal 
proceeding, whether of a civil or criminal nature, relating to any such claim or question and pending 
in any other court at the commencement of this Act shall not be proceeded with except in accordance 
with this section;  

(c) in regard to the admissibility of the entries in the books of account as evidence in the course of 
the proceedings for the winding up of the bank, the settlement of the list of debtors of the bank, the 
passing of orders for the payment of the amounts due by the said debtors, the execution of the said 
orders or any other orders or decrees of the court, the priority of the claims on the bank, the making of 
preferential payments and the discharge of the other liabilities of the bank and any other incidental or 
connected matters, the law relating to the winding up of banking companies, as in force for the time 
being, shall apply as if the Dholpur bank were a banking company;  

1. 1st January, 1963: vide notification No.G.S.R.1781, dated 18th December, 1962,  see Gazette of India, Extraordinary, Part II 

sec. 3(i). 

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(d) the period of limitation for any suit or application relating to any payment due to the Dholpur 
bank  which  has  accrued  before  or  may  accrue  on  or  after  the  date  of  the  first  appointment  of  the 
officer in change of winding up of the bank shall be twelve years from the date of the accrual of the 
claim or five years from the date  of such first appointment of the officer aforesaid, whichever may 
end later; and  

(e) after the repayment of all the deposit liabilities and any other amounts due to be paid by the 
bank including the amounts due to the Government of Rajasthan, the remaining assets, if any, of the 
bank  shall  be  utilised,  as  far  as  may  be,  for  the  purposes  and  objects  specified  in  the  State  Bank, 
Dholpur Act, 1915, and other relevant documents. 

(2) In this section, “Dholpur bank” means the bank known as the Dholpur State Bank and governed at 

the commencement of this section by the State Bank, Dholpur Act, 1915. 

6.  [Amendment  of  the  State  Bank  of  Kurundwad  (Junior)  Act,  1933.]  Rep.  by  the  Repealing  and                      

Amending Act, 1974 (56 of 1974), s. 2 and First Schedule (w.e.f. 20-12-1974). 

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